@clintballinger.bsky.social
(Short) book: https://app.thestorygraph.com/books/1f999e87-8e3c-40b4-8067-4741100ae1a5
Some random thoughts on economics https://clintballinger.wordpress.com/
Some random thoughts on economics https://clintballinger.wordpress.com/
"We critically examine ten key hypotheses that form the foundations of [Neoclassical Economics], and four other claims. Each fails to satisfy one or more of the basic requirements of scientific practice"
#econsky www.cambridge.org/core/journal...
#econsky www.cambridge.org/core/journal...
November 19, 2025 at 12:10 PM
"We critically examine ten key hypotheses that form the foundations of [Neoclassical Economics], and four other claims. Each fails to satisfy one or more of the basic requirements of scientific practice"
#econsky www.cambridge.org/core/journal...
#econsky www.cambridge.org/core/journal...
"Endogenous money and Chartalism: Are they compatible?" (2025)
www.cambridge.org/core/journal... #econsky
www.cambridge.org/core/journal... #econsky
October 27, 2025 at 5:09 AM
"Endogenous money and Chartalism: Are they compatible?" (2025)
www.cambridge.org/core/journal... #econsky
www.cambridge.org/core/journal... #econsky
"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024)
www.routledge.com/Modern-Monet... #econsky
www.routledge.com/Modern-Monet... #econsky
October 26, 2025 at 2:13 PM
"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024)
www.routledge.com/Modern-Monet... #econsky
www.routledge.com/Modern-Monet... #econsky
"Currencies Come and Go, But Employment Always Takes Root: Rethinking External Constraints and Monetary Sovereignty in the Periphery" (2025)
www.mdpi.com/2227-7099/13... #econsky
www.mdpi.com/2227-7099/13... #econsky
October 26, 2025 at 2:00 PM
"Currencies Come and Go, But Employment Always Takes Root: Rethinking External Constraints and Monetary Sovereignty in the Periphery" (2025)
www.mdpi.com/2227-7099/13... #econsky
www.mdpi.com/2227-7099/13... #econsky
"Modeling Monopoly Money: The Neochartalist Theory of the Price Level" (2025)
rosa.uniroma1.it/rosa04/psl_q... #econsky
rosa.uniroma1.it/rosa04/psl_q... #econsky
October 26, 2025 at 1:29 PM
"Modeling Monopoly Money: The Neochartalist Theory of the Price Level" (2025)
rosa.uniroma1.it/rosa04/psl_q... #econsky
rosa.uniroma1.it/rosa04/psl_q... #econsky
"Revolution or evolution? A critical analysis of the divergence between MMT and mainstream economics" (2025)
www.sciencedirect.com/science/arti... #econtwitter
www.sciencedirect.com/science/arti... #econtwitter
October 26, 2025 at 1:12 PM
"Revolution or evolution? A critical analysis of the divergence between MMT and mainstream economics" (2025)
www.sciencedirect.com/science/arti... #econtwitter
www.sciencedirect.com/science/arti... #econtwitter
"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024)
muse.jhu.edu/pub/56/artic... #econsky
muse.jhu.edu/pub/56/artic... #econsky
October 26, 2025 at 1:01 PM
"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024)
muse.jhu.edu/pub/56/artic... #econsky
muse.jhu.edu/pub/56/artic... #econsky
"The Applicability Analysis of Modern Monetary Theory System to Government" (G.G. Luo, 2024)
www.ewadirect.com/proceedings/... #econsky
www.ewadirect.com/proceedings/... #econsky
October 26, 2025 at 12:45 PM
"The Applicability Analysis of Modern Monetary Theory System to Government" (G.G. Luo, 2024)
www.ewadirect.com/proceedings/... #econsky
www.ewadirect.com/proceedings/... #econsky
"Full monetary finance has the benefit that the government can sustain a higher deficit for a given inflation target. However, that benefit must be weighed against the elimination of the bond market" www.researchgate.net/profile/Geor... #econsky
October 26, 2025 at 10:35 AM
"Full monetary finance has the benefit that the government can sustain a higher deficit for a given inflation target. However, that benefit must be weighed against the elimination of the bond market" www.researchgate.net/profile/Geor... #econsky
MMT is fundamentally about real resources. What in the world have you been reading?? Whatever it was it wasn’t MMT
billmitchell.org/blog/?p=32938
billmitchell.org/blog/?p=32938
October 26, 2025 at 4:42 AM
MMT is fundamentally about real resources. What in the world have you been reading?? Whatever it was it wasn’t MMT
billmitchell.org/blog/?p=32938
billmitchell.org/blog/?p=32938
HOW spend & tax is the real issue-
"MMT’s view is different. The composition of both taxes and spending matters, and so there are two reasons that trying to match them is misguided..."
www.levyinstitute.org/wp-content/u... #econsky
"MMT’s view is different. The composition of both taxes and spending matters, and so there are two reasons that trying to match them is misguided..."
www.levyinstitute.org/wp-content/u... #econsky
October 22, 2025 at 3:16 PM
HOW spend & tax is the real issue-
"MMT’s view is different. The composition of both taxes and spending matters, and so there are two reasons that trying to match them is misguided..."
www.levyinstitute.org/wp-content/u... #econsky
"MMT’s view is different. The composition of both taxes and spending matters, and so there are two reasons that trying to match them is misguided..."
www.levyinstitute.org/wp-content/u... #econsky
“There Is No Such Thing As Fiscal Policy”
‘The way we normally think of microeconomics is an Arrow-Debreu world with no money. Hence, we have a barter economy…there is no such thing as recessions in a barter economy and hence no excess capacity and no unemployment.’
#econsky
‘The way we normally think of microeconomics is an Arrow-Debreu world with no money. Hence, we have a barter economy…there is no such thing as recessions in a barter economy and hence no excess capacity and no unemployment.’
#econsky
October 13, 2025 at 2:34 AM
“There Is No Such Thing As Fiscal Policy”
‘The way we normally think of microeconomics is an Arrow-Debreu world with no money. Hence, we have a barter economy…there is no such thing as recessions in a barter economy and hence no excess capacity and no unemployment.’
#econsky
‘The way we normally think of microeconomics is an Arrow-Debreu world with no money. Hence, we have a barter economy…there is no such thing as recessions in a barter economy and hence no excess capacity and no unemployment.’
#econsky
It’s 2025.
This is a top 5 journal.
People are still writing as if a currency issuer is financially constrained in its own currency
ifs.org.uk/sites/defaul... #econsky
This is a top 5 journal.
People are still writing as if a currency issuer is financially constrained in its own currency
ifs.org.uk/sites/defaul... #econsky
September 16, 2025 at 5:57 PM
It’s 2025.
This is a top 5 journal.
People are still writing as if a currency issuer is financially constrained in its own currency
ifs.org.uk/sites/defaul... #econsky
This is a top 5 journal.
People are still writing as if a currency issuer is financially constrained in its own currency
ifs.org.uk/sites/defaul... #econsky
It’s 2025. This is a top five journal.
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
September 16, 2025 at 4:55 PM
It’s 2025. This is a top five journal.
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
August 15, 2025 at 11:03 AM
“The General Relativity of Fiscal Space: Theory and Applications”
www.tandfonline.com/doi/pdf/10.1... #econsky
www.tandfonline.com/doi/pdf/10.1... #econsky
April 29, 2025 at 6:19 PM
“The General Relativity of Fiscal Space: Theory and Applications”
www.tandfonline.com/doi/pdf/10.1... #econsky
www.tandfonline.com/doi/pdf/10.1... #econsky
The unexpected Triffin Dilemma: Shadow Banking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
April 18, 2025 at 5:24 PM
The unexpected Triffin Dilemma: Shadow Banking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
The elegant fix? More treasuries
The more elegant fix?
Get rid of the Key Currency int’l system altogether
www.imf.org/en/Publicati... #triffin #shadowbanking
It was out-group exchange that was central to the origins of money & markets. Regardless of how small those initial practices were (relative to in-group practices), they eventually transformed society.
To this day, the out-group (international) monetary system functions uniquely different
To this day, the out-group (international) monetary system functions uniquely different
April 16, 2025 at 2:24 AM
It was out-group exchange that was central to the origins of money & markets. Regardless of how small those initial practices were (relative to in-group practices), they eventually transformed society.
To this day, the out-group (international) monetary system functions uniquely different
To this day, the out-group (international) monetary system functions uniquely different
“Modern Money Theory as a Foundational Component in Polanyi’s The Great Transformation"
www.aeaweb.org/aea/2022conf... #econsky
www.aeaweb.org/aea/2022conf... #econsky
April 15, 2025 at 7:27 PM
“Modern Money Theory as a Foundational Component in Polanyi’s The Great Transformation"
www.aeaweb.org/aea/2022conf... #econsky
www.aeaweb.org/aea/2022conf... #econsky
You would basically be making a fully liquid *international* exchange system with what can and already is used in place of sov bonds (repos, reserves, etc)
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
April 15, 2025 at 1:47 PM
You would basically be making a fully liquid *international* exchange system with what can and already is used in place of sov bonds (repos, reserves, etc)
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...
April 5, 2025 at 3:25 AM
“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...
When absurdism becomes realism
April 3, 2025 at 1:33 PM
When absurdism becomes realism
And Mas-Colell, burying the “benevolent central authority” they need. Later even more hidden as just “using the utility function...”
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
March 2, 2025 at 4:19 PM
And Mas-Colell, burying the “benevolent central authority” they need. Later even more hidden as just “using the utility function...”
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)